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this economy is on the right track. we are equipping britain for the global race and on like the party opposite we are in the side of people who work hard and want to do the right thing. what is the answer? more borrowing, more spending, more of the things that got us into this mess in the first place. >> mr. speaker, years ago the nhs spent five hundred million pounds on tamiflu without seeing the day on the effectiveness or safety and rather than being an isolated case it is normal for the drug industry to have almost complete control over the evidence based upon which crucial public decisions are made. will the prime minister asked to make available the full chemical study reports on tamiflu so the doctors, patients and taxpayers are not misled? >> my hon. friend does excellent work on behalf of the taxpayer through all of the very good questions and work that he does. he raises an important issue not only because of the cost to the taxpayer but also because of possible overstatement of benefits to patients. there do
this economy is on the right track. we are equipping britain for the global race and on like the party opposite we are in the side of people who work hard and want to do the right thing. what is the answer? more borrowing, more spending, more of the things that got us into this mess in the first place. >> mr. speaker, years ago the nhs spent five hundred million pounds on tamiflu without seeing the day on the effectiveness or safety and rather than being an isolated case it is normal for...
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Dec 5, 2012
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the belgian economy only managed to stagnate. the services sector in the eurozone only managed to slow down its contraction. the transport companies, trade companies, and other companies of the services sector are far from being able to report a change of trend to the positive. no wonder that the stock market in frankfurt did not really get into gear this wednesday. an exception was made by these stocks -- the stocks of nokia. it announced an exclusive deal with china mobile, the world's largest mobile-phone services provider. they have more than 700 million subscribers. >> let's take a quick look at some market numbers. the dax ended the day at about -- up about 1/4 of 1%. euro stoxx 50 closed just a a tad up. -- just a tad up. the dow jones is at 13,076. the euro is trading at 1.3079. >> un generate -- un secretary general ban ki-moon is calling on nations to come to an agreement about how to stop global warming. he made those comments at the climate talks in qatar. and he is trying to break a deadlock between the countries who
the belgian economy only managed to stagnate. the services sector in the eurozone only managed to slow down its contraction. the transport companies, trade companies, and other companies of the services sector are far from being able to report a change of trend to the positive. no wonder that the stock market in frankfurt did not really get into gear this wednesday. an exception was made by these stocks -- the stocks of nokia. it announced an exclusive deal with china mobile, the world's...
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Dec 5, 2012
12/12
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WETA
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economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity would have to last for logger, until 2018, in fact. that means more benefits will now be squeezed, and there will be a tax rates on the pension pops. >> i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt fallin
economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity...
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Dec 5, 2012
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economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the roof but i think -- and i think you would see them behave in a very different way in both iraq and afghanistan. >> rose: based on everything you know, do you believe that they will respond to the economic embargo, the economic sanctions if we turn that screw as hard as we possibly can? >> i don't think the government will, if there is one thing that the iranians, saddam hussein, the north koreans and bashar al-assad all have in common is they don't care how many other people get killed. >> rose: even their own
economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the...
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Dec 5, 2012
12/12
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CSPAN
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and tax revenue as a share of our economy. mr. speaker, what you see on the chart with the green line is historical tax revenue. and what you see is going back to world war ii, going back to the mid 1940's, that it really has not mattered in the history of this nation whether the top tax rate was 90%, as it was before the kennedy years, or 70% as it was at the beginning of the kennedy years, or 28% as it was in the reagan years. it really has not mattered what the top bracket is. all americans are willing to give to government is about 18% of g.d.p. it turns out, mr. speaker, this will be no surprise to you, turns out americans are pretty smart. and if what you decide as the federal government is we're going to tax this behavior, well, americans start engaging in this other behavior instead. if what you say is no, i'm going to tax that behavior, they say, that's ok, i'll go do this instead. americans are pretty smart. and they change their behavior to maximize the benefit for their doctor -- themselves, their families and thei
and tax revenue as a share of our economy. mr. speaker, what you see on the chart with the green line is historical tax revenue. and what you see is going back to world war ii, going back to the mid 1940's, that it really has not mattered in the history of this nation whether the top tax rate was 90%, as it was before the kennedy years, or 70% as it was at the beginning of the kennedy years, or 28% as it was in the reagan years. it really has not mattered what the top bracket is. all americans...
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Dec 5, 2012
12/12
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WMPT
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economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity would have to last for logger, until 2018, in fact. that means more benefits will now be squeezed, and there will be a tax rates on the pension pops. >> i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt fallin
economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity...
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Dec 5, 2012
12/12
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CSPAN
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economy, to get going. the cost of doing that, given the long-term problem, the cost of doing more now is the need to come up with the medium term deal. so we need some sort of placeholder on the 10 years, and i do not mean placeholder. i mean some sort of deal. it is not the grand bargain, but whether it is $2 trillion or $3 trillion, we need to show that we can help the economy now, polaroid recovery, and have a situation over the next 10 years that is reasonable, stable, and not out of control. it would be nice that we could solve the problems 75 years ahead, but we never solve problems 75 years ahead. imposing that constraint on helping the economy now and -- the medium-term deal seems very unwise to me, and we should focus on what we can do. it is in port. focusing on what we can do, which is doing something now, have a stabilizing deal and work on the issues as we figure out what works in health care and what does not work, how much we want to reform social security, what the economy is doing in 10 ye
economy, to get going. the cost of doing that, given the long-term problem, the cost of doing more now is the need to come up with the medium term deal. so we need some sort of placeholder on the 10 years, and i do not mean placeholder. i mean some sort of deal. it is not the grand bargain, but whether it is $2 trillion or $3 trillion, we need to show that we can help the economy now, polaroid recovery, and have a situation over the next 10 years that is reasonable, stable, and not out of...
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Dec 5, 2012
12/12
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KQED
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if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away. there's a lot of things that the democrats want: extension of the payroll tax, expansion of unemployment been tits, more stimulus in general. that probably won't happen if we go over the cliff. it's not as if we're talking about a situation in which president obama gets everything he wants. i'm not sure. what we want is the least bad outcome for the u.s. economy. and the u.s. long-term fiscal outlook that we can get. i don't think that balance is what we're seeking. what we're seeking is is let's try not to mess up this situation even more than it already is mess up. >> ifill: do you agree with erski
if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away....
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space at existing facilities for the additional special special ops forces that would be coming in but economy got more than two hundred twenty two million dollars a no bid contract by the way which apparently covers things like food services pest control information technology and armed security services this contract by the way it runs through may twenty fifteen even though most u.s. forces are supposed to be home by twenty fourteen i want to talk more about the various implications of this with michael o'brian he's the author of the book america's failure in iraq intervention to withdrawal and he joins me now in studio hey there mike how are you doing i'm doing fine how are you i'm good at let me just ask you first i mean how common is this for you know military personnel to be housed sort of put up by private contractors to the best of my knowledge. not common at all it's not done i never heard of it i've never heard of such a thing you know the the you're in a foreign country you've got an american company will. you know the fact of the matter is when i was in iraq we had forward operatin
space at existing facilities for the additional special special ops forces that would be coming in but economy got more than two hundred twenty two million dollars a no bid contract by the way which apparently covers things like food services pest control information technology and armed security services this contract by the way it runs through may twenty fifteen even though most u.s. forces are supposed to be home by twenty fourteen i want to talk more about the various implications of this...
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Dec 5, 2012
12/12
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CSPAN2
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i have only seen one study of the various options for how the economy will react if, for example, we raised more money than simply fail. were we fail without a sharp interest rate. another scenario would be to have a repeat of the suez canal situation. if they don't pull their troops out of the suez canal, when they were going to take it over, we wouldn't roll over their debt. i am just not sure as i go from seminar to seminar if the debt, this morning, for example, there is no one sitting there that says i am the person who represents the debt, the negative cost and that of continuing where we are going. had we adequately communicated that, but it's not just an individual reelection at stake, it is jobs at stake. .. >> what does it take for us to grow? investment the future. investment, it equipment equipment, education, infras tructure.e question many people don't want to consider is where do we get those resources with the enormous debt? hi asked if they bled paint her reasonable picture of the interest cost if we did nothing. their estimate was follows, within 25 years the intere
i have only seen one study of the various options for how the economy will react if, for example, we raised more money than simply fail. were we fail without a sharp interest rate. another scenario would be to have a repeat of the suez canal situation. if they don't pull their troops out of the suez canal, when they were going to take it over, we wouldn't roll over their debt. i am just not sure as i go from seminar to seminar if the debt, this morning, for example, there is no one sitting...
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Dec 6, 2012
12/12
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CSPAN
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this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table that fixes the problem, puts us on the course to solve the problem, which is the out-of-c
this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america...
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Dec 5, 2012
12/12
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they are keeping the economy growing. i listened to what you just said and i heard similar things for the last 3 1/2 years whether it was dubai and bp oil spill or greece or spain or the deleveraging or foreclosures. any of these things that we're supposed to take us out and yet we keep moving. i think the fiscal cliff is another one of these. >> let me ask you about the timing then. deutsche bank had a note out yesterday where they suggested that central banks have bought us a six months of time on the markets. if pmis do not improve, will we see growth? what would you say to that view? >> i mean, i'm pretty simple on this. i do not believe and we could debate this probably all day that quantitative easing itself has helped the economy at all. banks put that money right back to the fed as excess reserves. it hasn't boosted money in the economy. i don't believe that we've seen a false rally or sugar high. i think the growth in the economy and growth in the markets has been driven by productivity and profits. i think it's
they are keeping the economy growing. i listened to what you just said and i heard similar things for the last 3 1/2 years whether it was dubai and bp oil spill or greece or spain or the deleveraging or foreclosures. any of these things that we're supposed to take us out and yet we keep moving. i think the fiscal cliff is another one of these. >> let me ask you about the timing then. deutsche bank had a note out yesterday where they suggested that central banks have bought us a six months...
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Dec 6, 2012
12/12
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CSPAN2
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that's what's best for the economy. that's what the american people voted for and that's ever going to get it done. one last point, most are taking questions. there have been reports and these are not necessarily confirmed. maybe some of you have more insight than i do that perhaps the republicans go ahead unless the middle-class tax cuts get extended, the upper-income tax cuts go up. otherwise we don't get a deal and next year we come back in the thinking is the republicans will have more leverage because there will be another book on the debt ceiling will try to extract more concessions. i have to just tell you, that is a bad strategy for america. it's a bad strategy for businesses and it is not a game i will play. most of you are involved in discussions and watch the catastrophe that happen in august of 2011. everybody here is concerned about uncertainty. there's no uncertainty uncertainty that the prospect that the united states of america, the largest economy holds the worlds reserve current e. potentially default,
that's what's best for the economy. that's what the american people voted for and that's ever going to get it done. one last point, most are taking questions. there have been reports and these are not necessarily confirmed. maybe some of you have more insight than i do that perhaps the republicans go ahead unless the middle-class tax cuts get extended, the upper-income tax cuts go up. otherwise we don't get a deal and next year we come back in the thinking is the republicans will have more...
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Dec 5, 2012
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it is the world's 11th largest economy with more than 140 million consumers, and the last major economy to join the world trade organization. american companies and workers must compete on a level playing field with our foreign competitors and russia to succeed. when president obama first asked congress to remove russia from long-standing human rights legislation and grant permanent normal trade relations for russia, he suggested that we do it unconditionally. even before russia joined the w.t.o., president obama and his team argued that congress should quickly pass a clean bill. given the myriad problems we have with russia, it is -- it has always been very hard for me to understand this position. president obama and his team appeared almost manic in their attempts to avoid offending president putin and his government or doing anything at all to upset their failed reset policy. fortunately, just as congress did in 1974 when they created jackson-vanik, we insisted on more. working side by side with our senate and house colleagues in both parties, we drafted a bill which serves our econo
it is the world's 11th largest economy with more than 140 million consumers, and the last major economy to join the world trade organization. american companies and workers must compete on a level playing field with our foreign competitors and russia to succeed. when president obama first asked congress to remove russia from long-standing human rights legislation and grant permanent normal trade relations for russia, he suggested that we do it unconditionally. even before russia joined the...
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Dec 5, 2012
12/12
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. nine grams protein. zero fat. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> after president obama was sworn into office in january 2009, he decided that his first tv interview, his first tv interrue he would give as p
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ]...